Twitter
Facebook
Email
|
Prime investment opportunity in Richfield, Utah! This 20-unit multi-family complex is situated in a rapidly growing area, thanks to Snow College's expanding presence and the region's strong economic development. Recently remodeled from a former hotel into modern apartments, the property offers significant upside potential with 13 of the 20 units currently leased. Conveniently located in an up-and-coming part of town, tenants enjoy proximity to Walmart, Home Depot, Snow College, Richfield High School, and quick freeway access. This property is priced at an attractive 7% cap rate and comes with the added benefit of a professional property manager with a stellar track record of overseeing 150+ doors in the Richfield area. The property manager is eager to stay on and continue leasing the remaining units while ensuring smooth operations for this turnkey investment. With strong rental demand fueled by Snow College's growth and a desirable location, this property presents an exceptional opportunity for seasoned and new investors alike. Don't miss your chance to secure this high-potential asset in the thriving Richfield market.
| DAYS ON MARKET | 37 | LAST UPDATED | 12/4/2024 |
|---|---|---|---|
| YEAR BUILT | 1947 | COMMUNITY | Central Sevier |
| COUNTY | Sevier | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ashman |
|---|---|
| Jr. High School | Red Hills |
| High School | Richfield |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Oven, Range |
| AREA | Central Sevier |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 1.24 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| STYLE | Stories: 1 |
| TAXES | 5635 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Olivia
Pelton to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Real Broker, LLC
The multiple listing information is provided by UtahRealEstate.com from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 UtahRealEstate.com, All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
This IDX solution is (c) Diverse Solutions 2024.
